The Fund's Income Position for FY 2021 - Actual Outcome

Policy Papers, November 24, 2021

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The Fund's Income Position for FY 2021 - Actual Outcome

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Bibliographic details

• Published: November 24, 2021
• Series: Policy Papers
• DOI: https://doi.org/10.5089/9781616354633.007

Summary

• Overall FY 2021 net income amounted to SDR 4.8 billion.
• This outcome was SDR 0.7 billion higher than estimated in April.
• The primary factors behind the surplus relative to the April estimate were:
  • A larger than anticipated gain reported under IAS 19 (the accounting standard for employee benefits).
  • Endowment returns exceeding earlier projections.

Key findings and statistics

• Net income for FY 2021: SDR 4.8 billion.
• Difference versus April estimate: SDR 0.7 billion higher.
• Major contributors to the variance:
  • IAS 19 reported gain (employee benefits accounting).
  • Endowment returns above projections.

Subjects and keywords (as reported)

• Subjects: Budget planning and preparation; Expenditure; Financial statements; Income; Monetary policy; National accounts; Pension spending; Political economy; Public financial management (PFM).
• Keywords: meeting FY; about SDR; Budget planning and preparation; Financial statements; Global; IMF's FY; Income; income outlook; intermediation cost; Pension spending; Pensions; Reserves accumulation; retirement plan obligation; SDR billion; SDR interest rate; SDR million; transparency policy.

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